business
Alcoholic beverage market upbeat as festive season boosts sales
India’s alcoholic beverage industry experienced a strong festive season, with premium spirits leading the growth. Industry bodies anticipate a 10-20% upswing in sales for the October-December period, driven by rising consumer spending and a young, aspirational demographic. Premium and luxury segments are particularly buoyant, especially in major cities.
India-Asean ties: Malaysia backs swift trade pact with New Delhi
Malaysian Prime Minister Anwar Ibrahim highlighted ASEAN’s partnership with India as a driver of stability and prosperity, with both sides aiming to finalize the AITIGA trade pact this year. Prime Minister Modi reaffirmed India’s commitment to ASEAN’s central role in the Indo-Pacific, emphasizing their shared vision for global stability and development.
From $6 an hour to $2 million a year – the inspiring story of how Indian immigrant Money Singh built his American dream
At 19, Money Singh moved to America feeling homesick but overcame depression to build a business empire. Starting as a cab dispatcher, he now owns two successful businesses, Dandies Barbershop and ATCS Platform Solutions, each valued at over a million dollars. Singh’s journey highlights resilience and entrepreneurial spirit, even amidst significant challenges like the pandemic.
SBI plans 3,500 officer recruitments this year; targets 30% workforce for women
State Bank of India is set to hire approximately 3,500 officers, bolstering its nationwide operations and service delivery. This recruitment drive includes filling Probationary Officer vacancies and specialist roles in IT and cybersecurity. SBI aims to increase its female workforce to 30% within five years, implementing initiatives to support women’s career progression.
Leadership shake-up: 62% of India’s manufacturing sector exec hires are external
Indian manufacturing firms are increasingly hiring external leaders for top roles, with 62% of senior appointments being outside hires. This trend is most prominent at CEO and MD levels, signaling a drive for transformation. The automotive sector leads in leadership changes, while women’s representation in executive roles remains low, though they are more likely to…
Gold, silver retreat after record rally; analysts expect consolidation
Gold and silver prices in India experienced a significant correction this week after reaching record highs, driven by profit-booking and a stronger US dollar. Analysts anticipate market consolidation ahead of global central bank meetings and trade developments, with a bullish long-term outlook for both precious metals.
Explained: How Mark Carney is trying to reassure Canadians after Trump’s tariff threats
Canada’s Prime Minister Mark Carney is projecting calm after US President Donald Trump imposed a 10% tariff hike on Canadian imports, triggered by a provincial ad. Carney aims to reassure Canadians and signal to the US that Ottawa won’t be bullied, while emphasizing trade diversification towards Asia and preparing for a new budget.
India-EU FTA push: Piyush Goyal to visit Brussels to boost negotiations
Union Minister Piyush Goyal will visit Brussels to hold high-level talks with EU’s Maros Sefcovic, aiming to finalize the India-EU Free Trade Agreement. This crucial visit follows the 14th round of negotiations and seeks to provide strategic direction and political impetus to conclude a comprehensive trade pact.